Hyundai’s FSO design garners ABS approval
ABS has granted approval in principle to Hyundai Heavy Industries’ design for a floating storage and offloading vessel that is intended for operations in Mexican waters. ULSAN, South
MOL announces naming of LNG carrier for GAIL (India)
Vessel will import clean LNG from the US to India under charter contract Mitsui O.S.K. Lines (MOL) has announced that on February 9, 2021, the naming ceremony for
Container shipping locked in a ‘significant bottleneck’ as demand surges back
The Danish company, seen as a bellwether for global trade, posted quarterly earnings before interest, tax, depreciation and amortization (EBITDA) of $2.71 billion.Maersk CEO Soren Skou told CNBC
Kerry Logistics takeover by SF Holding creates ‘biggest logistics group in Asia
Chinese express giant SF Holding is to acquire a 51.8% stake in Hong Kong’s Kerry Logistics Network – a landmark $2.3bn deal creating the “biggest logistics group in
FIEO organised Online Interaction on “Exports scenerio (including Budget changes)-Challenges a
No country has ever achieved a GDP growth of 8% or more on sustained basis without double digit growth in exports. All those years in which India exhibited
Indian Railways registers highest ever monthly figures in freight loading
Indian Railways loading was 30.54 million tonnes which includes 13.61 million tonnes of coal, 4.15 million tonnes of iron ore, 1.04 million tonnes of foodgrains, 1.03 million tonnes
CEVA Logistics strengthens presence in South-East Asia & opens new facility in Vietnam
CEVA Logistics has further expanded its reach in South-East Asia with the opening of a new warehouse located in Bien Hoa City, Dong Nai Province in Vietnam. Strategically
CONCOR creates North-South Auto Logistics Corridor in India with Auto Wagon Rakes
CONCOR creates North-South Auto Logistics Corridor in India with Auto Wagon Rakes The Container Corporation of India (CONCOR) has achieved another milestone. In association with the Railways, on
Sical appoints new MD; Independent Directors resign
Chennai: Four Independent Directors at Sical Logistics ,part of Coffee Day VG Siddharth Group ,have resigned in the past 10 days,all citing personal reasons. The company has also
DP World reports 7.6% Gross Volume growth in Q4 2020
DUBAI: DP World Limited handled 19.1 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 4Q2020, with gross container volumes increasing by 7.6% year-on-year